Question

What will be the journal entry for purchase motor car worth 8000 in exchange of furniture worth 10000

Answer 1

Explanation:

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Answer 2

Answer:

The answer is in the explanation section.

Explanation:

Motor car A/c Dr.

Loss on sale of Furniture A/c Dr.

         To Furniture A/c

(Being exchanged motor car for furniture which was sold at a loss)

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